except for ICBC, most banks stipulate that if the cardholder repays in advance, he must pay all the remaining principal and handling fees in one lump sum. Industrial and Commercial Bank of China stipulates that if the credit card installment fee is charged according to the "installment charging" mode, the full amount will be repaid in advance, and the remaining fees will not be charged. For partial prepayment, N installments will be repaid in advance, and N installments will be charged less. If the installment repayment fee is charged according to the "down payment" mode, the prepayment will be made and the fee will not be refunded.
In addition, many banks, such as China Construction Bank, Agricultural Bank, China Merchants Bank, Guangfa Bank, etc., all stipulate that credit card prepayment by installments will still charge a handling fee. The customer service staff of Agricultural Bank of China introduced that credit cards can be repaid in advance by installment.
you need to apply for early termination of bill installment, and the application time is from the successful installment application day to the generation of the penultimate installment bill. Prepayment is divided into partial prepayment and full prepayment. If part of the prepayment is made, the repayment amount shall be an integral multiple of the principal of each installment, and the number of late applications will be automatically reduced.
if the full amount is repaid in advance, the repayment amount shall be all the outstanding installment principal, and the installment will automatically end after the application is successful. After the application for prepayment is successful, the cardholder must repay the installment fee corresponding to the prepayment amount and prepayment period in one lump sum, and the installment fee that has been credited will not be refunded.
The Terms and Conditions of Payment by Installment of Longka Credit Card Bill published by China Construction Bank in official website show that the cardholder has successfully processed the installment of the bill. If he applies for prepayment, his installment business will be terminated for the cardholder after confirmation by China Construction Bank, and the installment fee collected will not be refunded. At the same time, the cardholder must pay all the remaining principal and handling fees in one lump sum.
in addition, it is worth noting that installment is used, and if there is a return, you still need to pay the installment fee. For example, according to the regulations of China Construction Bank and China Merchants Bank, when the consumer transactions in the bill have been returned (including full return and partial return), the successful bill installment business will not be affected, and the cardholder shall continue to repay and pay the handling fee according to the agreed terms.
credit card installment refers to the process that when a cardholder uses a credit card to make a large amount of consumption, the bank pays the consumer funds of the goods (or services) purchased by the cardholder to the merchant in one lump sum, and then the cardholder repays the money to the bank in installments and pays the handling fee. According to the cardholder's application, the bank will deduct the consumption funds and handling fees by stages through the cardholder's credit card account, and the cardholder will repay them according to the monthly recorded amount.